0
What else can I help you with?
What reflects the financial position of a company at any given time?
The 'financial statement' reflects the financial position of a company at any given time.
What must balance with assets on the balance sheet in order to accurately reflect the financial position of a company?
Liabilities must balance with assets on the balance sheet in order to accurately reflect the financial position of a company.
If you voluntarily return a vehicle to the finance company are you responsible for the balance after the sale of the vehicle?
Yes, a voluntary repossession does not mean the buyer is not responsible for any of the remaining loan debt according to the original contract terms or for any additional fees.
What is the difference between balance sheet and financial statement if there is any........?
Balance Sheet: Balance sheet is the financial picture of an organization on a given day. while financial statement is a broader term and it can be for a very long time. financial statment is a formal record of business financial activities. it can be a day. month a year or so on. while balance sheet is just a part of a financial statement. in short balance sheet is also a finanaical statement. but finanacial statement can not be balance sheet..
What reports a company's financial position?
It's the Balance Sheet.
Where can you find the financial statement for any company?
balance sheet
What if the company that repoed your vehicle sells it for less than you owe?
They will look to you for the remaining balance
Why comparative balance sheet is prepared?
Balance sheet is prepared to know the financial position on the Business/Company.
What is the impact of balance sheet loans on a company's financial health and stability?
Balance sheet loans can have a significant impact on a company's financial health and stability. These loans can increase a company's debt levels, which may affect its ability to meet financial obligations and invest in growth opportunities. Additionally, balance sheet loans can impact a company's credit rating and overall financial risk profile, potentially influencing investor confidence and access to future financing. It is important for companies to carefully manage balance sheet loans to maintain a healthy financial position.
What is special about the Repo Truck company?
There is no company with the name "Repo Truck", but "repossession" of a vehicle simply means the financial lending company "takes back" the vehicle, because monthly payments on the vehicle have ceased.
How will a company use the adjusted trial balance?
The companies will use the adjusted trail balance to create the financial statements.
What will happen when a loan on a motorcycle has been defaulted and the finance company will not reprocess it?
If guess you mean "refinance" when you say "reprocess", the answer is repossession. Loans in DEFAULT are subject to repossession of the collateral and payment of the balance owed by voluntary or legal means.
